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Subsequent Events
 12 Months Ended
Jun. 24, 2023
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

17. Subsequent Events

In July 2023, we entered into an agreement with Avago Technologies International Sales PTE. Limited, or Broadcom, to acquire certain developed technology intangible assets from Broadcom for an aggregate consideration of $130.0 million. We are still in the process of evaluating the proper accounting treatment under Topic 805 on Business Combinations.

On July 21, 2023, the IRS issued Notice 2023-55 which generally allows taxpayers to defer application of elements of the 2022 foreign tax credit final regulations, and related guidance, until 2024. In our case, foreign taxes which were creditable under the prior regulations will continue to be creditable for our fiscal 2023. As this Notice was issued subsequent to our fiscal 2023 and represents a retroactive change in tax law, we anticipate recording a discrete tax benefit in the first quarter of fiscal 2024 in the amount of approximately $12 million.